Canadian Prime Minister Mark Carney is hosting dozens of global investors in Toronto for a two-day summit aimed at opening discussions around more than 160 projects across mining, energy, transportation, technology and infrastructure. The gathering begins on Monday and is intended to match about 100 investors with Canadian CEOs, companies and local officials. A government source said major deals could take 12 to 18 months to materialize. Carney has pledged to attract C$1 trillion ($721 billion) of investment over the next five years by reducing red tape and developing projects he considers important to navigating a trade war with the United States, Canada's largest trade partner. Confirmed attendees include BlackRock CEO Larry Fink, Blackstone President Jon Gray, Temasek CEO Dilhan Pillay and APG Groep CEO Annette Mosman. At a Sunday reception, Carney said investors managing more than C$120 trillion in assets would come to "peer into our shop window" as international perceptions of Canada change. The project prospectus presents opportunities ranging from early concepts to shovel-ready developments, including 96 data centers in development, an equity investment in Xanadu's photonic quantum computer targeted for commercialization by 2029-2030, an Alberta data center campus, a hyperscale and AI-focused campus in New Brunswick, the Crawford Nickel Project, and C$900 million in financing for a proposed high-speed transportation pod between Calgary and Edmonton. Canada has been seeking stronger commercial ties with partners in the Middle East and Asia while reinforcing its alliance with Europe. Foreign direct investment flows averaged about C$23 billion per quarter in 2024 and 2025 and C$20 billion so far this year, up from C$16.3 billion in 2023 and C$15 billion in 2022. However, greenfield investment (spending on new factories and facilities) has not significantly increased since Carney took office. Economists say attracting such projects is difficult in a mature economy. Canadian banks and financial firms have separately pledged billions for technology, critical economic sectors, defense and infrastructure. The summit marks a shift from the priorities associated with former Prime Minister Justin Trudeau, while Carney has sought closer ties with Saudi Arabia, India and China.